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for systems for r an d. science and technology. the benchmark needed in western pacific. there's a whole pan plea of means which we will rebalance. ships are important they are good measure. there's more as we look forward the future and we meet the requirements of our defense strategic guidance in the regard. so having laid that out, i commend that to you as our future and how we see things today as we prepare our budget for fiscal year 14. it's to support the theafort i mentioned to you. i think we're on track and prepared to meet our national security commitment to the regard and the defense strategic guidance. thank you very much. i look forward to your questions. [applause] your article in foreign policy speaks to balancing the force. how do international navies play in to your stag -- strategy? >> the international navy play in to the descrat gi by mission. i think and by alliances that we've had. let me speak to the alliance. i just spoke to the western pacific, the japanese maritime self-defense force plays a we cooperate with them to share what we call long range track mission there
a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is
, the peaceful march across the world across the parched land and the dense rain forest of the congo. technology is transforming thicks. everything is speeding up. everything is opening up. now if i can talk about something i actually know about for a moment. this feeling reminds me a little bit maybe more than a little bit of the arrival of punk rod in the '70s. you see, the clash or the baffs of the rock and roll pyramid, and overnight gave the finger to the dreadful business, the top of the pyramid, it was called progressive rock. open sick songs. no good lyrics. [laughter] great reviews. [laughter] punk bands made no pretends of being better than the audience. they were the audience. if you. ed to play, grab a guitar. energy was in. the clash like a public service announcement with guitars. and they gave u12 2u2 that social act vifm could make as a musical rite. i like to point out that none of your professor, not a single one has ever drawn or likely to draw the connection between the arab spring and the clash. [laughter] [applause] just a little intermission. and okay. sharpen your pencils
of reasons related to technology, related to globalization. and what i think is important about the proposal is that by asking the top 2% to pay more, that will provide more opportunity to have others have the same type of changes they had. what is the extra revenue going to be used for? to help keep student loan rates low. it's going to be used to provide stem education, science, technology, math metic, engineering education for more individuals to have the kinds of opportunities that have knead possible for so many americans to thrive. and if you look what is happened to the distribution of income in the u.s. over the last thirty years, we have seen the top pull away. it's wonderful they have done so well. what's important is that we pursue the policy that will reduce this opportunity gap and provide nor opportunity for those from the middle and lower income families. >> do you think that ten years from today our budget deficit is likely to be under $500 billion a year? what would you project the budget deficit going to be? we're running a $1.1 trillion right now. where do you think it wil
Search Results 0 to 3 of about 4